The British pound sterling fell to 0.8675 pounds against the euro on Thursday 4 December 2008, its lowest level since the single European currency was introduced in 1999.The pound has been languishing for much of 2008 amid mounting fears about the state of the British economy. Sterling's slump was followed by the Bank of England cutting its benchmark rate to 2 percent, the lowest level since 1951.
Source: Bloomberg, Associated Press
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